burnstone gold mine valuation

Here's how you value any gold project – MINING.COM

Jan 16, 2017· The mining industry is a fascinating space – not only for the fact that almost everything around us comes from mining but also because of the possibility of striking gold with penny stocks that ...

Project: Burnstone Mine | L2B

Apr 22, 2008· PPA 949 Potential development of an opencast gold mining operation in Balfour, 250m to 600m deep. Known as the Burnstone mine. Estimated project value: between

Sibanye May Almost Double Mining Deal Share Sale to $1.3 ...

Feb 03, 2017· Sibanye Gold Ltd. said it may seek to almost double the size of a planned share sale to $1.3 billion, or 60 percent of its market value, to reduce the amount it has to borrow in its takeover of ...

great basin gold burnstone mine - langebaandash.co.za

burnstone gold mine valuation Great Basin Gold (NYSEMKT:GBG) has . we need to look no further than the valuation that Aurico Gold . At Great Basin's Burnstone mine, . ... great basin gold burnstone mine Description : Great Basin Gold : Burnstone Great Basin Gold Limited is an international gold mining company...

Gold Mining in South Africa - Projects IQ

Typical of gold mining in South Africa, the project is estimated to have a lifespan of 25 years. The opening of other gold mining projects, such as the R1 billion Doornkop South Reef Mine – expected to deliver 82.8 tonnes of gold within a 20-year period – adds to the idea that gold mining in South Africa is still a viable and lucrative ...

Burnstone Mine - Balfour, Mpumalanga - Local Business ...

Burnstone Mine, Balfour, Mpumalanga. 42 likes. Local Business. On this very day six years ago was blessed with an angel. Happy birthday nunu kie daddy loves you a lot.

Home - Sibanye-Stillwater

Aug 08, 2019· About Sibanye-Stillwater is a leading international precious metals mining company, with a diverse portfolio of platinum group metal (PGM) and gold operations and projects. We are the world's largest primary producer of platinum, the second largest primary producer of palladium and the third largest producer of gold (on a gold-equivalent basis), as well as a …

The Project BURNSTONE is in PRODUCTION stage. Mining ...

Ownership, reserves and resources, history, geology, location, maps, valuation exploration and production history, newsreleases...

Burnstone gold mine project | Wood Mackenzie

Jun 14, 2019· Burnstone project was previously operated by Great Basin Gold up to 2012 when the mine was placed on care and maintenance and GBG went into liquidation. An option on the mine was acquired by Wits Gold who in turn was acquired by Sibanye Gold. Feasibility study on the gold project was completed in 2015, as project development started in 2016.

Antonio Umpire - Unit Manager Mineral Resources Geology ...

• SIBANYE, Independent Technical Report on the Audit Conducted on Beatrix, Driefontein, Kloof, Cooke 1, 2, 3 and 4 Gold Mines, SouthAfrica 2015 • ASANKO GOLD, Nkran Mine, Abore, Asuadai, Adubiaso and Dynamite Hill Project, acting as a QP competent person NI 43101 report and resource estimation for an open Pit Operation on Gold using Kriging ...

Project: Burnstone Gold Mine | L2B

About L2B We passionately research developments within the construction industry, with the daily goal of placing opportunities at the disposal of decision makers in companies, in order to facilitate the formation of business relationships that result in growth and revenue.

Burnstone is on the mend - CEO Ferdi Dippenaar - Miningmx

Dec 19, 2011· The troubled Burnstone mine is getting back on track according to an update from Great Basin Gold, but RBC Capital Markets has remained cautious following a recent visit. ... CEO Ferdi Dippenaar is upbeat over improved operating results from the Burnstone mine, ... Barrick claims high-grading behind Acacia Q2 rebound ahead of valuation meeting.

Burnstone mine - Wikipedia

The Burnstone mine is one of the largest gold mines in the South Africa and in the world. The mine is located in the north-east of the country in Gauteng. The mine has estimated reserves of 29.1 million oz of gold.. References

Rand recovery punishes SA's ageing, costly gold mines | Fin24

Aug 17, 2017· Rand recovery punishes SA's ageing, costly gold mines Aug 17 2017 17:32. Kevin Crowley, Bloomberg News ... restarting production at its mothballed Burnstone project and had a plan to re-mine old waste dumps for gold. ... and said on Thursday it will write down the value of those assets by R2.8bn. The stock has dropped by 58% in the past 12 months.

Sibanye to push Burnstone restart from zero base

Johannesburg- and New York-listed Sibanye Gold was reviewing options to bring the idled Burnstone mine back to life from a "zero base", in a R7-million deal senior VP for business development ...

burnstone mine balfour mpumalanga - keuken310.nl

Balfour, Mpumalanga - Operations have been suspended at Great Basin Gold's Burnstone mine near Balfour, Mpumalanga, the company said in a statement on Wednesday. Get a Price. Burnstone - Mining Atlas - Explore the World of Mining. Burnstone is a Gold Mine in South Africa owned by Sibanye. General: The mine was intended to start production in ...

Mining right granted for GBG's Burnstone project ...

Oct 31, 2008· mine portal Vancouver, Canada --- MININGREVIEW.COM --- 31 October 2008 - Great Basin Gold Limited – an emerging mid-tier gold producer listed on the Toronto and American stock exchanges – has been granted the mining right for its Burnstone mine by the Department of Minerals and Energy (DME). A ...

balfour gold mine - shibang-china.com

R2,6bn Burnstone investment boost for Balfour community. The R2,6-billion investment in "South Africa's first greenfield gold mine in 30 years" was just the beginning of …

Sibanye Proposes Acquisition of Wits Gold | E & MJ

Wits Gold also holds uranium resources at Beisa North and South, adjacent to Beatrix West, which have potential to be developed into a uranium producer. Also, on July 4, 2013, Wits Gold submitted a binding offer for the acquisition of Southgold Exploration, which owns the Burnstone mine …

Work at Burnstone mine halted | IOL Business Report

Sep 12, 2012· Balfour, Mpumalanga - Operations have been suspended at Great Basin Gold's Burnstone mine near Balfour, Mpumalanga, the company said in a statement on Wednesday. "While it is disappointing that ...

Major Mines & Projects | Burnstone Project

Burnstone is located in the South Rand Basin, a subsidiary of the main Witwatersrand Basin. The gold-bearing target UK9 Reef of the Kimberley Formation, occurs in the Central Rand Group of rocks. This reef lies between the outcrop and a depth of 1,300m below surface in the mining right area.

Great Basin Gold Ltd. (fka GBGLF) Message Board - InvestorsHub

Apr 21, 2019· Great Basin Gold Ltd. (fka GBGLF) ... all while building shareholder value and sustainable communities. The company is currently focused on its two emerging flagship mines in the world's richest gold-producing regions, the Hollister gold mine and associated operations located on the Carlin Trend in Nevada, USA and the Burnstone gold mine ...

Great Basin Gold Suspends Operations At Its Burnstone Mine

Burnstone remains a very valuable project with over 6 million ounces of gold in proven and probable reserves 1 and a forecast life of mine in excess of 25 years. The Board thanks the many dedicated and hard-working employees and contractors who contributed to bringing this project from discovery to early stage production.

Burnstone Ventures and Abacus Mining Enter Into an ...

Jul 31, 2014· Burnstone Ventures and Abacus Mining Enter Into an Agreement to Merge the Companies ... 320,000 oz Gold and 124,362 kg Rhenium, or 5.6 billion lbs Copper Equivalent (see NI 43-101 technical report ...

Recent Updates From Great Basin Gold - A Tale Of Two Mines

Recent Updates From Great Basin Gold - A Tale Of Two Mines . ... they discuss how a gap has formed between gold mining shares and gold itself. This represents a value opportunity, until the gap ...

GREAT BASIN GOLD'S BURNSTONE PROJECT ... - kitco.com

Great Basin Gold has two advanced stage gold projects in two of the world's best gold environments. In addition to its Burnstone Gold Project in South Africa's Witwatersrand Goldfield, the Company holds a interest in the Hollister Property on the Carlin Trend in Nevada, USA.

GREAT BASIN GOLD COMPLETES THE APPOINTMENT OF …

Prior to joining the Company, he worked for Harmony Gold Mining Co. as a Human Resources leader for their Target operation in the Free State. He has 10 years of mining experience, which started at Gold Field's Beatrix Mine in 1993. Dudu Ratshefola is the Corporate Social Responsibility Manager at the Burnstone project. She started her

Great Basin Gold Ltd. - hdgold.com

Burnstone gold project in South Africa. Great ... involved Thistle Mining, Great Basin Gold and Bema Gold Corporation, and platinum ... 1 Value excludes Bema's share of equity financing of acquisition. 2 Value includes US$8.00/oz five-year royalty on production. Source: LOM Ltd.

Burnstone Gold Mine - Wikimapia

On February 17, 2009, Southgold Exploration (Pty) Ltd ("Southgold") ( subsidiary of the Company) was officially awarded the right to mine for gold, silver and aggregate in the Burnstone mining area for a period of 18 years from date of execution of the mining right, as well as renewal rights.

Strategic update: Burnstone Project - The Vault

Burnstone mine and assets) • All shareholder loans and inter-group loans against Southgold Offer consideration • Payment of $7.25 million on completion of transaction • Total debt reduced by 55% to $177.3 million, back-ranked to new funding and ring-fenced to and repaid from Burnstone free cash flow

Integrated Report 2017 | Sibanye-Stillwater

Our value-creation journey. 2013 South African gold mining company with mature, short-life operations ... from a gold mining company with its asset base located entirely in South Africa, into a geographically diversified, international precious metals company. Neal Froneman – Chief ... Invested R395m on further development of Burnstone ...

The Project BURNSTONE is in PRODUCTION stage. Mining ...

Location of the Burnstone Project: The Burnstone gold property is located 80 km southeast of Johannesburg, near the town of Balfour. It lies in open, rolling country, traversed by major paved highways, railroads and power lines, providing excellent infrastructure for mineral development.

Mining Valuation Techniques - P/NAV, P/CF, EV/Resource

The main mining valuation methods in the industry include price to net asset value P/NAV, price to cash flow P/CF, total acquisition cost TAC & EV/Resources. The best way to value a mining asset or company is to build a discounted cash flow (DCF) model that takes into account a mine plan produced in a technical report